{"id":20923,"date":"2024-08-01T10:02:07","date_gmt":"2024-08-01T10:02:07","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=20923"},"modified":"2024-08-01T10:02:13","modified_gmt":"2024-08-01T10:02:13","slug":"maize-prices-help-expand-south-africas-2024-25-grain-area","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2024\/08\/01\/maize-prices-help-expand-south-africas-2024-25-grain-area\/","title":{"rendered":"Maize prices help expand South Africa\u2019s 2024\/25 grain area"},"content":{"rendered":"\n

Currently high maize prices in South Africa<\/u><\/a> will lead to an increment in the country\u2019s total corn area in the 2024-25 season. This is according to a July 23, 2024 U.S. Department of Agriculture (USDA)\u2019s forecast.<\/p>\n\n\n\n

South Africa began experiencing upshot maize prices after an 18% corn area decline<\/u><\/a> in the 2023-24 period following an El Ni\u00f1o drought. These same high prices are now turning the tables by financing the area increment.<\/p>\n\n\n\n

For one, USDA\u2019s Foreign Agricultural Service (FAS) projects the acreage expansion to come through modern production techniques and precision agriculture.<\/p>\n\n\n\n

Maize Prices at Jo\u2019Burg Market<\/strong><\/strong><\/h3>\n\n\n\n

The report could influence the daily trade values in key markets, especially those in Johannesburg. <\/p>\n\n\n\n

Notably, on July 30, 2024, prices at the Johannesburg market were still high at 108.01 Rand<\/u><\/a> ($5.93) per kg for sweet corn.   <\/p>\n\n\n\n

Baby sweet corn, which traded in 200 g punnet pack boxes, in its part averaged 120.74 Rand<\/u><\/a> ($6.63) a kg. <\/p>\n\n\n\n

The influential market also showed daily quantity and turnover stability in sweet corn sales. By July 31, for instance, the market had registered 4,974,691 Rand ($273,160.28) from 48,649 kg in month-to-date (MTD) sales. The daily value of sweet corn for the 31st<\/sup> alone was 111,291 Rand ($699.88) from sales totaling 1,488 kg.<\/p>\n\n\n\n

USDA Export Projections<\/strong><\/strong><\/h3>\n\n\n\n

The above figures show sufficient reserves and echo USDA\u2019s projections that South Africa will export 1.5 million tonnes of corn in 2024.<\/p>\n\n\n\n

In retrospect, the country exported 3.4 million tonnes <\/u><\/a>in the 2022-23 season when the harvest peaked at 17.09 million tonnes.<\/p>\n\n\n\n

The lion\u2019s share of South Africa\u2019s maize exports goes to neighbors Zimbabwe and Botswana, alongside South Korea, Japan and Taiwan.<\/p>\n\n\n\n

After subtracting the 2023-24 exports, South Africa\u2019s year-end reserves will decline by 36% to 1.5 million tonnes. However, these stocks could rise by 20% to 1.8 million tonnes in the 2024-25 season.<\/p>\n\n\n\n

Thus, so long as maize prices remain strong, they will fuel the corn acreage expansion drive in South Africa. But this is not all there is to the country\u2019s maize sector, as the statistics below show.<\/p>\n\n\n\n

South Africa Maize Statistics <\/strong><\/strong><\/h2>\n\n\n\n

South Africa is a major producer of yellow and white maize. It ranked 10th<\/sup> worldwide in the 2023-24 market year with a production volume of 16.8 million tonnes<\/u><\/a>. Out of this annual production, the country exports between 3 million and 3.5 million tonnes<\/u><\/a> (2021-22 and 2022-23 USDA estimates). The rest goes into domestic consumption at between 11.6 million and 11.8 million tonnes, according to USDA\u2019s estimates for 2021-22 and 2022-23 years.<\/p>\n\n\n\n

What maize product does South Africa lead in exports<\/strong>? <\/p>\n\n\n\n

While a major exporter of raw corn, South Africa however leads the world in the export of animal feed (corn groats) and corn meal. According to the World Bank, South Africa\u2019s corn groat and corn meal exports reached\u00a0445.689 million tonnes<\/u><\/a>\u00a0worth $162.087 million in 2022. The next biggest exporter, the United States, sold a third of that volume at 135.9 million tonnes. For raw corn, South Africa ranked 8th<\/sup>\u00a0worldwide in 2023 with exports worth\u00a0$1,2 billion<\/u><\/a>.<\/p>\n\n\n\n

What is more popular between yellow corn and white maize in South Africa<\/strong>? <\/p>\n\n\n\n

As human food, white maize leads consumption at\u00a05,400,000 kg<\/u><\/a>\u00a0while yellow corn follows at 600,000 kg, for the 2021-22 estimate. Comparably, yellow corn leads popularity in animal feed at 4,650,000 kg while white maize commands 1,000,000 kg, for the 2021-22 USDA estimate.<\/p>\n\n\n\n

What is the corn yield per acre in South Africa<\/strong>? <\/p>\n\n\n\n

In 2019, South Africa planted 2.9 million hectares of corn that yielded\u00a017,000 tonnes<\/u><\/a>, the 9th<\/sup>\u00a0highest globally. The yield rate in 2019 was 4.8 tonnes a hectare.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Currently high maize prices in South Africa will lead to an increment in the country\u2019s total corn area in the 2024-25 season. This is according to a July 23, 2024 U.S. Department of Agriculture (USDA)\u2019s forecast. South Africa began experiencing upshot maize prices after an 18% corn area decline in the 2023-24 period following an El Ni\u00f1o drought. These…<\/p>\n","protected":false},"author":3,"featured_media":20924,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nMaize prices help expand South Africa\u2019s 2024\/25 grain area - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2024\/08\/01\/maize-prices-help-expand-south-africas-2024-25-grain-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maize prices help expand South Africa\u2019s 2024\/25 grain area - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"Currently high maize prices in South Africa will lead to an increment in the country\u2019s total corn area in the 2024-25 season. 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